Partnership Buys Three San Francisco Boutiques
From SFGate.com:
Long-Term Goal Is Rebranding, Repositioning
Aspen Hotel Management Group (Aspen) in partnership with AEW Capital Management, L.P. (AEW) is pleased to announce the acquisition of a portfolio of three boutique hotels in San Francisco. AEW acquired the assets on behalf of AEW Partners VI, L.P., the sixth of a series of real estate opportunity funds managed by AEW. The hotels, Hotel Frank, Hotel Metropolis and Hotel Vertigo, are all well-located in the Union Square submarket, one of the premier visitor and retail destinations in San Francisco. The hotels range in size from 102 to 153 rooms. Click here for the full story.
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